The Energy Buyer's Guide | 07.14.2025

Summer natural gas posts the third straight weekly loss as Winter steadies.

- Natural gas futures declined for a third straight week, with August NYMEX settling at $3.31 per MMBtu, though late-week support emerged after a tighter-than-expected storage print.

- The EIA reported a 53-Bcf injection for the week ending July 5, lifting inventories to 3,006 Bcf—holding steady vs. the five-year average and widening the year-on-year deficit slightly.

- Power demand was broadly flat, though PJM and MISO ramped late in the week and continuing to run near the upper end of seasonal norms; ERCOT remains closer to its five-year average.

- Forward power prices eased in most regions, with summer premiums continuing to deflate despite warmer forecast revisions in the Midcontinent and Texas.